New Jersey § 43:21-7

§ 43:21-7.

Notwithstanding any provisions of R.S. 43:21-7(c)(5)(A) to the contrary, if the balance in the unemployment trust fund on March 31, 1972

is less than 7% of the total taxable wages reported to the division in respect to

employment during the calendar year 1971, the contribution rate to become effective

on July 1, 1972 for each employer eligible for a contribution rate calculated upon

benefit experience, shall be increased 3 / 10 of 1% over the contribution rate otherwise established under paragraphs (3) or (4)

of R.S. 43:21-7(c) ; provided, however, that if the balance in the unemployment trust fund on December

1, 1972 is less than 2 1 / 2 % of the total taxable wages reported to the division in respect to employment during

calendar year 1971, the contribution rates, which would take effect on July 1, 1973

if the balance in the fund on March 31, 1973 were less than 2 1 / 2 % of the total taxable wages reported during calendar year 1972, pursuant to R.S. 43:21-7(c)(5)(A) , shall take effect January 1, 1973.